The buying and selling of stock by a company’s insider give investors a sense that the stock will rise or fall in the future. Insulet Corporation shares valued at $596,970 were sold by Scannell Timothy J on May 28 ’24. At $180.90 per share, Scannell Timothy J sold 3,300 shares. The insider’s holdings dropped to 42,586 shares worth approximately $7.49 million following the completion of this transaction.
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Also, Petrovic Shacey sold 11,609 shares, netting a total of over 1,891,338 in proceeds. Following the sale of shares at $162.92 each, the insider now holds 2,567 shares.
Before that, BORIO LUCIANA had sold 72 shares from its account. In a trade valued at $14,910, the Director traded Insulet Corporation shares for $207.08 each. Upon closing the transaction, the insider’s holdings decreased to 72 shares, worth approximately $0.4 million.
As published in their initiating research note from Redburn Atlantic on May 30, 2024, Insulet Corporation [PODD] has been a Buy and the price target has been revised to $235. Analysts at Wolfe Research upgraded the stock from ‘”a Peer perform”‘ to ‘”an Outperform”‘ outlook in a report released in early May. As of December 21, 2023, Robert W. Baird has increased its “Neutral” rating to a “an Outperform” for PODD. Earlier on December 04, 2023, Morgan Stanley upgraded its rating. Their new recommendation was “an Overweight” for PODD stock which previously was a “an Equal-weight”.
Analyzing PODD Stock Performance
During the last five days, there has been a drop of approximately -2.83%. Over the course of the year, Insulet Corporation shares have dropped approximately -18.91%. Shares of the company reached a 52-week high of $217.46 on 01/02/24 and a 52-week low of $160.19 on 05/14/24. A 50-day SMA is recorded $171.98, while a 200-day SMA reached $177.93. Nevertheless, trading volume fell to 0.95 million shares from 0.62 million shares the previous day.
Support And Resistance Levels for Insulet Corporation (PODD)
According to the 24-hour chart, there is a support level at 172.62, which, if violated, would cause prices to drop to 169.29. In the upper region, resistance lies at 179.63. The next price resistance is at 183.31. RSI (Relative Strength Index) is 50.31 on the 14-day chart, showing neutral technical sentiment. Moving Average Convergence Divergence (MACD) is at -1.61, which suggests the price will decrease in the coming days. Percent R is at 52.40%, indicating low price movement. Stochastics %K at holding indicates that the stock is to be held.
